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On 6 Nov 2026, Hardcastle and Waud Manufacturing Company was priced at ₹848.40, or 11.0× trailing earnings, against an industry P/E of 14.8×, and the shares are 19% below their 52-week high. Its ROCE of 2.6% is the lowest among the 7 largest Conglomerates peers, and sales and net profit grew 35% and 65% a year over 3 years. It is a small-cap company with a market cap of ₹58 Cr, ranked 37th of 52 Conglomerates companies by market cap; the shares rose 16% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹863.85
Day high
₹863.85
Day low
₹846.60
Prev. close
₹828.95
Volume
34

Health check

4 good · 1 fair · 1 to check
  • ReturnsAhead

    +15.7% over a year, better than 7 of 7 peers.

  • Price tagCheaper

    P/E 11.0 vs industry 14.8.

  • GrowthStrong

    Sales +34.8%, profit +65.1% a year over 3 years.

  • ProfitabilityWeak

    ROCE 2.6% vs peer median 12.8%.

  • Balance sheetFair

    Piotroski 5 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Conglomerates

51 listed peers. Screen the industry

Small cap

₹58 Cr, #37 of 52 in its industry by size.

Defensive

Beta 0.55 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹11 Cr · profit ₹5 Cr
Market cap
₹58 Cr
Small cap
P/E
11.0
Industry 14.8
Price to book
1.14
Peers 5.18
Dividend yield
0.00%
ROE
10.3%
Peers 11.6%
ROCE
2.6%
Peers 12.8%
Debt to equity
n/a
Debt ₹0.00 Cr
EPS (TTM)
₹76.99
OPM (TTM)
54.0%
Net margin 47.2%
Sales growth
+24.0%
Latest quarter vs a year ago
Profit growth
+38.7%
Latest quarter vs a year ago
Price to sales
5.20
EV/EBITDA 8.9

Strengths and risks

Strengths

  • Quarterly profit up 38.7% on a year ago.
  • Quarterly sales up 24.0% on a year ago.
  • Net margin of 47.2%.
  • P/E of 11.0 against an industry P/E of 14.8.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Hardcastle and Waud Manufacturing Company

Hardcastle and Waud Manufacturing Company Limited engages in chemical activities in India. It operates through Industrial Chemicals, Investing, and Leasing Activities segments. The company also engages in investment activities; and trades in industrial chemicals. In addition, it offers job work and property leasing services. Hardcastle and Waud Manufacturing Company Limited was incorporated in 1945 and is based in Mumbai, India.

Headquarters
Mumbai
Employees
4
Sector
Industrials
ISIN
INE722D01015
Website
hawcoindia.in

Price range

52 weeks

₹602.25₹1,048.00

Today

₹846.60₹863.85
Avg volume (3M)
213
1-year return
plus 15.7%
From 52-week high
minus 19.0%

Peers · Conglomerates

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
SRFSRF2,460.40minus 0.99%72,92831.921.214.5%24.2%0.351.8%minus 15.5%
TIINDIATube Investments of India2,170.00minus 5.65%42,00562.916.612.8%9.9%0.0515.5%minus 23.1%
GODREJINDGodrej Industries955.85minus 2.40%32,19827.432.412.3%10.4%2.229.8%minus 11.6%
3MINDIA3M India27,570.00minus 5.98%31,05857.029.947.5%18.4%0.108.7%minus 18.3%
THERMAXThermax2,746.30minus 17.27%30,93752.626.615.3%12.4%0.429.8%plus 1.5%
BEMLBEML1,953.20minus 1.89%16,26828.055.75.9%7.3%0.113.0%minus 7.4%
NAVANava529.15minus 0.99%14,99119.87.911.1%38.4%0.216.8%minus 12.1%
HARDCASHardcastle and Waud Manufacturing Company848.40plus 2.35%5811.024.52.6%54.0%–34.8%plus 15.7%
Median of 7 peers–−2.40%31,05831.926.612.8%12.4%0.218.7%−12.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
1.92.42.93.42.4
0.81.611.51
1.10.821.81.4
57.6%34.1%66.7%53.9%58.3%
0.10.10.10.10.1
0.20.20.20.20.2
10.71.91.71.3
26.1%3.8%25.1%−17.2%19.5%
0.80.71.421.1
11.3410.3720.7830.1015.74

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+34.8%
Profit CAGR 3Y
+65.1%
EPS CAGR 3Y
+65.1%
ROE
10.3%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2.94.44.57.1
–+53.8%+0.8%+58.2%
2.12.22.84.9
0.72.31.72.2
25.7%51.4%37.9%30.6%
10.91.13.5
0.60.70.70.8
0.20.50.70.5
1.332.85.4
16.0%14.6%53.8%8.8%
1.12.61.34.9
–+135.2%minus 50.1%+283.2%
16.1337.9418.9472.59

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
0.70.70.70.7
41.143.844.850
1.51.43.13.2
43.345.948.753.9
5.75.86.76.7
00.50.20.3
10.721.124.326.9
9.23.82.31.2
17.714.715.218.9
43.345.948.753.9

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−33.10.7−3.9
3.1−1.5−2.44.5
0.11.5−1.70.7
−1.1−0.6−1.4–
−42.5−0.7−3.9

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you